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On November 3, the Ethereum Layer 2 project Scroll released a protocol upgrade proposal on its official governance forum, aiming to transform the existing permissionless general-purpose L2 network into a permissioned dedicated network focused on privacy AI applications, and to migrate the SCR token to the Ethereum mainnet, while keeping the token supply and overall token economic model unchanged.Scroll stated that operating a general-purpose network makes it difficult to ensure sustained demand, while the underlying infrastructure still needs to bear maintenance costs. Therefore, it plans to establish new network demand around AI products such as Compass, CENO, and USX. According to growthepie data, the net profit on the Scroll chain is only about $42.50, a decrease of approximately 92% over the past year.

According to BBX data, yesterday global leading crypto entities and institutions disclosed the latest developments in their digital asset treasury allocations, with the core information as follows:Tether's Bitcoin holdings increased to approximately 150,000 coins, with a market value of up to 11.5 billion dollars: Tether's CEO Paolo Ardoino disclosed for the first time during a speech at the Plan ₿ forum in Lugano, Switzerland, that the company's current Bitcoin reserves have reached approximately 150,000 BTC, with a market value of about 11.5 billion dollars at current market prices. This figure represents a significant leap from the 96,000 to 100,000 coins disclosed between early and mid-2026. Since May 2023, Tether has implemented a treasury policy to use up to about 15% of its quarterly net profit to purchase Bitcoin. According to previously published third-quarter reserve proofs, as of September 30, its Bitcoin reserve valuation was approximately 8.37 billion dollars, indicating that it likely made intensive purchases during October.BitMNR spent 11.22 million dollars to increase its holdings by 5,000 ETH, with total holdings surpassing 6.06 million: BitMNR, a publicly listed mining company under Tom Lee, made another major purchase of 5,000 Ethereum (ETH) through the Kraken exchange yesterday, with an estimated value of about 11.22 million dollars at the time of the transaction. Over the past year and a half of high-frequency accumulation, BitMNR has accumulated a total of 6.06 million ETH, with a total holding value soaring to approximately 20.18 billion dollars, and its overall average holding cost precisely controlled at 3,329 dollars per coin.

According to CoinDesk, Russia's largest stock exchange, the Moscow Exchange, plans to launch trading for Bitcoin, Ethereum, and USDT starting December 1, with trading hours from 06:50 to 23:50 Moscow time. The National Settlement Depository will be responsible for clearing, using same-day or next-day settlement, and providing swap tools to manage liquidity.Ordinary investors must pass a test and can purchase up to 300,000 rubles (approximately $3,700) of crypto assets per year through a single broker, while qualified investors have no limit. Both the Moscow Exchange and the National Settlement Depository were sanctioned by the U.S. Treasury in June 2024. Reports indicate that USDT is issued by Tether, which will freeze wallets on the U.S. Treasury's sanctions list. Anatoly Popov, Vice Chairman of the Moscow Exchange, has stated that under the new regulations, Russia's crypto trading volume could reach 4 trillion rubles, approximately $49 billion, in the first year.

According to Rootdata, yesterday (Eastern Time November 3), the total net outflow of Ethereum spot ETFs was $85.30 million.The Ethereum spot ETF with the highest single-day net outflow was BlackRock ETF ETHA, with a net outflow of $74.40 million. As of that trading day, ETHA had a historical cumulative net inflow of $11.675 billion.The second was Grayscale Ethereum Trust ETF ETH, with a net outflow of $10.90 million.

According to CryptoBriefing, Ethereum Foundation researcher Justin Drake announced on November 3 that leanVM has achieved end-to-end formal verification. leanVM is a minimalist zkVM designed for efficiently aggregating hash-based post-quantum signatures, packaging multi-signatures into compact proofs. In terms of performance, leanVM can handle over 1000 leanXMSS aggregations per second; leanXMSS is a hash-based signature scheme planned to replace BLS at the consensus layer.At Devcon 8, Drake adjusted the target date for Ethereum's full transition to post-quantum security to December 2028, in order to allow space for the network forks needed for the transition. This plan relies on three open-source projects: leanVM, leanXMSS, and leanSpec. The Ethereum Foundation is developing open-source implementations and advancing formal verification, while also encouraging innovation through incentives like the Poseidon Prize. The report noted that the formal verification of leanVM proves that the code meets specifications, but December 2028 remains a target rather than a commitment.

Vitalik emphasized trusted hardware and privacy protection in his keynote speech at Devcon, and the Ethereum Foundation outlined related goals such as open chips.

According to an official announcement from Bullish, the cryptocurrency exchange Bullish (BLSH) listed on the New York Stock Exchange has selected Solana, Aptos, and Ethereum as its initial network partners for its stock tokenization service. Issuers can independently choose the network to issue tokenized stocks initiated by them, while the official equity registration records will still be maintained by the transfer agent.Among them, Solana is the first supported network, and Aptos and Ethereum will be integrated subsequently, with no specific timeline announced. Previously, Bullish demonstrated the transfer of 61 million tokenized Bullish reserved shares on Solana with Equiniti on October 27 at the New York Stock Exchange. This batch of shares is intended for the acquisition settlement with Equiniti, and the transaction is expected to be completed by January 2027, pending regulatory approval.

According to Cointelegraph, the Moscow Exchange plans to launch trading for Bitcoin, Ethereum, and Tether's USDT on December 1, calling it Russia's first organized digital currency market.The exchange stated that pilot trading will begin simultaneously as participants gradually access the platform, with trading relying on its existing stock market infrastructure and clearing completed through the National Clearing Center (NCC). Trading hours will be from 6:50 AM to 11:50 PM Moscow time, initially supporting same-day and next-day settlements as well as swap trading. Non-qualified investors must pass a test before purchasing cryptocurrencies, and each brokerage has an annual purchase limit of 300,000 rubles (approximately $3,700).The plan is advancing based on a cryptocurrency law in Russia, the main provisions of which took effect on September 1. This law allows regulated trading but still prohibits the use of cryptocurrencies for payment of goods and services within Russia. The Moscow Exchange and NCC have been under U.S. sanctions since June 2024, with the UK also imposing sanctions that year, and the EU listing them on the sanctions list in July 2026.Sergey Mendeleev, founder of the Russian cross-border payment platform Exved, told Cointelegraph that he doubts the market will attract significant demand and questions who would trade at a sanctioned exchange.He expects the trading conditions to lack competitiveness, comparing it to the precious metals accounts of Sberbank, and warns that investors may face "extremely outrageous spreads," believing that the product is completely unattractive to ordinary non-qualified investors. However, he is optimistic about its cross-border payment potential, stating that a venue allowing importers and exporters to buy and sell cryptocurrencies directly would be welcomed, but whether adding intermediaries is competitive in a market where traders negotiate spreads as low as 0.05% remains questionable.

According to Rootdata, yesterday (Eastern Time November 2) the total net outflow of Ethereum spot ETFs was $140 million.The Ethereum spot ETF with the highest net outflow on that day was BlackRock ETF ETHA, with a net outflow of $138 million. As of that trading day, ETHA had a historical cumulative net inflow of $11.749 billion.Next was BlackRock ETF ETHB, with a net outflow of $4.6 million. As of that trading day, ETHB had a historical cumulative net inflow of $783 million.

The Ethereum Foundation stated that its technical core team is collaborating with humanitarian organizations to develop a proof of concept for a humanitarian aid coordination network based on Ethereum, combining decentralized identity with privacy payment rails.The solution utilizes technologies such as ERC-4337, privacy addresses, and Semaphore to keep personal data off-chain and verify credentials through zero-knowledge proofs without exposing the issuer; the relevant solution has completed performance testing on low-end Android devices, and the code has been open-sourced on GitHub.

According to a report by ZeroHedge, Tether CEO Paolo Ardoino revealed during a speech at the Lugano Plan ₿ Forum that Tether owns approximately 150,000 Bitcoins, has over 730 million global users, and adds about 30 million new wallets each quarter.According to Tether's third-quarter reserve attestation report, it directly holds approximately $122.8 billion in U.S. Treasury bonds, which amounts to about $132.4 billion when including repurchase agreements, with excess reserves reaching $7.95 billion. Ardoino also introduced Tether's Independence Stack strategy, which aims to build an infrastructure system covering energy, Bitcoin mining, peer-to-peer communication, self-custody wallets, and local AI through open-source technology, stating that even if Tether no longer exists in the future, its open-source technology should still be able to continue operating.

According to Onchain Lens monitoring, the USDT circulation on Tron reached 92.35 billion USD at the end of the third quarter of 2026, surpassing Ethereum's 86.69 billion USD.Tron has led since July 23 and maintained this position until the end of the quarter, with a current circulation of 94.25 billion USD.

On November 2, stablecoin issuer Tether announced that it froze over 1.5 billion USDT within 30 minutes after Binance was attacked on October 29, preventing the related funds from being transferred, exchanged, or laundered. Tether stated that the FBI has identified North Korea as responsible for this attack. The FBI reported on October 31 that North Korea stole over 6 billion dollars in virtual assets from Binance around October 29, referring to the activity as TraderTraitor.Tether CEO Paolo Ardoino stated that the team froze over 1.5 billion dollars within minutes of the attack and claimed that USDT is not suitable for hiding stolen funds. Tether USA₮ CEO Bo Hines stated that the company acted immediately to prevent over 1.5 billion dollars from flowing to the attackers and said that this move contributes to safety in the U.S. and globally. Tether claimed that it collaborates with U.S. and international law enforcement agencies and industry partners to track illegal funds and assist in accountability.Tether also disclosed that as of October 31, it has assisted the U.S. Department of Justice, Secret Service, and FBI in freezing over 3,590 wallets, approximately 1.6 billion dollars in USDT, and has collaborated with over 360 law enforcement agencies in 73 countries. Including the freezes related to this Binance incident, Tether has cumulatively frozen over 7 billion dollars in USDT across secondary market addresses, of which approximately 1.2 billion dollars has been returned to rightful owners or law enforcement agencies through reissuance.

According to Whale Alert monitoring, at 22:57, Tether Treasury burned 2 billion USDT on the Ethereum chain.

According to Tether CEO Paolo Ardoino, Tether has frozen over 4.5 million USDT related to the security incident at Mercado Bitcoin.Mercado Bitcoin previously stated that a security incident occurred in one of its systems, but customers did not suffer losses and there was no data breach; as a precaution, the platform temporarily suspended deposits and withdrawals.